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UK economy 'not prepared' for no-deal Brexit: BoE chief

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AFP London

Britain's economy is "not yet prepared" for a disorderly no-deal departure from the European Union next month, Bank of England governor Mark Carney warned Thursday.

"Although many companies are stepping up their contingency planning, the economy as a whole is still not yet prepared for a no-deal no-transition exit," Carney said after the central bank slashed its economic growth forecasts.

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First Published: Feb 07 2019 | 6:40 PM IST

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